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amongst cows born in the past ten years in the united states and tests show there is little possibility of pathogens forming in cows aged 30 months or younger. it has fallen to tenth place in the world's competitive economies. that's down one notch. the new ranking does reflect concerns over the country's massive debt as well as the sluggish economy. the world economic forum announced its annual ranking. the swiss based organization hosted the yearly davos conference where the world's political and economic leaders gather. the organization ranks the world's economies based on a survey of various factors, including business activity, education, medical services and also the labor market. it surveyed 144 countries and regions this year. now the forum did have praise for japan for its innovative technology, but japan lost points for the size of its national debt. it is about twice the size of the country's gross domestic product. switzerland held onto the top, singapore was second, finland climbed one notch to third place. the united states down two notches to seventh place. that's because
banks in europe. this is a very late response to the crisis in the united states where we have seen what happens if banks are a threat to the system. it is a long procedure and germany has said maybe not all 6000 banks should be placed under it. those that are really important for the system -- we will see a banking union in the months to come. >> thank you. the commission cost plans for deeper fiscal integration and the german court ruling are steps berlin and brussels hope will and the financial 12 -- financial turmoil. >> the developments are being met with cautious optimism that europe might finally be getting on track to solving its financial problems. we talked to one analyst and they talked about with this decision means for them. >> their famous for all types of cutlery. plates are from all over the world, shipped to shops all over the european union. the court has kept german liabilities at 190 billion euros. this this this man says it's a great deal of money, but he still believes the esm is the right course to take. >> naturally, it's a question of solidarity in special cases.
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